Research analysts at William Blair started coverage on shares of Gilat Satellite Networks (NASDAQ:GILT – Get Free Report) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating on the communications equipment provider’s stock.
Several other equities analysts have also recently commented on GILT. StockNews.com cut Gilat Satellite Networks from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 19th. Needham & Company LLC restated a “buy” rating and set a $8.50 target price on shares of Gilat Satellite Networks in a research report on Thursday, August 8th.
View Our Latest Stock Analysis on Gilat Satellite Networks
Gilat Satellite Networks Stock Down 1.8 %
Gilat Satellite Networks (NASDAQ:GILT – Get Free Report) last issued its earnings results on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $76.63 million for the quarter. Gilat Satellite Networks had a return on equity of 8.23% and a net margin of 6.80%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clearline Capital LP purchased a new position in shares of Gilat Satellite Networks during the 2nd quarter worth approximately $73,000. Marshall Wace LLP grew its holdings in shares of Gilat Satellite Networks by 410.2% during the 2nd quarter. Marshall Wace LLP now owns 129,259 shares of the communications equipment provider’s stock worth $578,000 after acquiring an additional 103,924 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Gilat Satellite Networks by 2.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,077,733 shares of the communications equipment provider’s stock worth $4,817,000 after acquiring an additional 24,204 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of Gilat Satellite Networks during the 2nd quarter worth approximately $243,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Gilat Satellite Networks during the 2nd quarter worth approximately $46,000. Institutional investors own 35.72% of the company’s stock.
Gilat Satellite Networks Company Profile
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.
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